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Parent Company Only Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Balance Sheets |
CONDENSED BALANCE SHEETS | December 31,
| 2023 |  | 2022
Assets |  |  |
Cash | $ | 100,427 |  |  | $ | 142,832 |
Equity securities | 1,795 |  |  | 2,750 |
Investment in bank subsidiary | 548,493 |  |  | 466,268 |
Investment in non-bank subsidiaries | 23,262 |  |  | 21,566 |
Deferred assets and current receivables | 1,894 |  |  | 1,782 |
Other assets | 925 |  |  | 931 |
Total assets | $ | 676,796 |  |  | $ | 636,129 |
Liabilities |  |  |
Subordinated debentures | $ | 104,887 |  |  | $ | 104,584 |
Other liabilities | 662 |  |  | 783 |
Total liabilities | 105,549 |  |  | 105,367 |
Stockholders' equity | 571,247 |  |  | 530,762 |
Total liabilities and stockholders' equity | $ | 676,796 |  |  | $ | 636,129 |
Schedule of Condensed Statements of Income |
CONDENSED STATEMENTS OF INCOME | Year Ended December 31,
Income: | 2023 |  | 2022 |  | 2021
Dividends from: |  |  |  |  |
Bank subsidiary | $ | 22,295 |  |  | $ | 21,225 |  |  | $ | 22,165 |
Non-bank subsidiaries | 1,325 |  |  | 1,431 |  |  | 1,700 |
Other | 240 |  |  | 198 |  |  | 210 |
Total income | 23,860 |  |  | 22,854 |  |  | 24,075 |
Expenses | (7,084) |  |  | (6,112) |  |  | (6,657) |
Income before income taxes and equity in undistributed net income of subsidiaries: | 16,776 |  |  | 16,742 |  |  | 17,418 |
Change in net unrealized holdings gains (losses) on equity securities not held for trading | (722) |  |  | (132) |  |  | 121 |
Income tax benefit | 1,606 |  |  | 1,422 |  |  | 1,381 |
Equity in undistributed net income of bank subsidiary | 38,702 |  |  | 43,846 |  |  | 37,178 |
Equity in undistributed (distributions in excess) of net income of non-bank subsidiaries | 1,658 |  |  | 1,310 |  |  | 1,609 |
Net income | 58,020 |  |  | 63,188 |  |  | 57,707 |
Dividends on preferred stock | (4,302) |  |  | (4,302) |  |  | (4,302) |
Net income available to common stockholders | $ | 53,718 |  |  | $ | 58,886 |  |  | $ | 53,405 |
Comprehensive income attributable to the parent | $ | 58,020 |  |  | $ | 63,613 |  |  | $ | 58,008 |
Schedule of Condensed Statements of Cash Flows |
CONDENSED STATEMENTS OF CASH FLOWS | Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Net income |  |  |  |  |
Adjustments to reconcile net income to net cash provided by | $ | 58,020 |  |  | $ | 63,188 |  |  | $ | 57,707 |
Operating activities: |  |  |  |  |
Equity in undistributed net income of bank subsidiary | (38,702) |  |  | (43,846) |  |  | (37,178) |
(Equity in undistributed) distributions in excess of net income of non–bank subsidiaries | (1,658) |  |  | (1,310) |  |  | (1,609) |
Net realized and unrealized (gains) losses on equity securities | 700 |  |  | 132 |  |  | (121) |
Decrease in other assets | (230) |  |  | 609 |  |  | 60 |
Increase in other liabilities | 2,064 |  |  | 1,571 |  |  | 978 |
Net cash provided by operating activities | 20,194 |  |  | 20,344 |  |  | 19,837 |
Cash flows from investing activities: |  |  |  |  |
Purchase of equity securities | (41) |  |  | (32) |  |  | — |
Sales and maturities of equity securities with readily determinable fair value | 296 |  |  | — |  |  | — |
Investment in bank subsidiaries | (37,000) |  |  | — |  |  | — |
Net cash used in investing activities | (36,745) |  |  | (32) |  |  | — |
Cash flows from financing activities: |  |  |  |  |
Dividends paid on common stock | (14,694) |  |  | (12,557) |  |  | (11,550) |
Dividends paid on preferred stock | (4,302) |  |  | (4,302) |  |  | (4,302) |
Proceeds from issuance of long term debt | — |  |  | — |  |  | 83,484 |
Repayment of long term debt | — |  |  | — |  |  | (50,000) |
Purchase of treasury stock | (6,858) |  |  | (1,707) |  |  | (1,163) |
Net proceeds from issuance of common stock | — |  |  | 94,051 |  |  | — |
Net cash provided by financing activities | (25,854) |  |  | 75,485 |  |  | 16,469 |
Net (decrease) increase in cash | (42,405) |  |  | 95,797 |  |  | 36,306 |
Cash beginning of year | 142,832 |  |  | 47,035 |  |  | 10,729 |
Cash end of year | $ | 100,427 |  |  | $ | 142,832 |  |  | $ | 47,035 |

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